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Court Uses Bitcoin Blockchain for Legal Summons, Revolutionizing Defendant Notification
15.1.2024
A federal court in the U.S. has accepted the validity of using information contained in a Bitcoin transaction to notify a defendant about a civil action. The case, believed to be the first where this method is accepted, might help solve hundreds of cryptocurrency theft cases in which...
Federal Reserve’s Rate Cut Could Spark Institutional Interest in DeFi and Stablecoins, Fidelity Predicts
15.1.2024
The United States Federal Reserve’s potential interest rate cut could reignite major institutional interest in decentralized finance (DeFi) and stablecoins, according to asset manager Fidelity. In their recently released 2024 Digital Assets Look Ahead report, Fidelity suggests that this...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
Former FTX CEO Sam Bankman-Fried Retains New Counsel, Files Notice in Federal Court Ahead of Sentencing
10.1.2024
Source: A Video Screenshot, YouTube / CBS News Former FTX CEO Sam “SBF” Bankman-Fried has informed the federal court that he has retained new counsel ahead of his sentencing hearing for seven criminal charges. Additionally, SBF’s legal team submitted a sealed document indicating...
Coinbase Executives Offer Security Support to SEC Following Account Hack
10.1.2024
SEC chair Gary Gensler. Source: A video screenshot, YouTube / SEC Coinbase executives have offered to help the U.S. Securities and Exchange Commission (SEC) following the Monday hack of the federal agency’s account on X. Coinbase offers to assist with “security protocols” “Hey...
Morgan Stanley’s Chief Economist Predicts Rate Cuts ‘This Year’ as Market Eyes Federal Reserve’s Next Move
8.1.2024
This year, mirroring last year’s speculation, market observers are keenly awaiting decisions from the U.S. Federal Reserve concerning the federal funds rate, with a particular focus on potential rate cuts this year. Ellen Zentner, Morgan Stanley’s lead economist in the U.S., predicts...
US Treasury Secretary Janet Yellen Declares ‘Soft Landing’ Reached, Americans Recovering Optimism
8.1.2024
Janet Yellen, U.S. Treasury Secretary and former Chairman of the U.S. Federal Reserve, believes that the recent improvements in the American economy show that the country has achieved a soft landing. For Yellen, the recent low figures of inflation and the strength of the labor market are signs...
Arthur Hayes Foresees 30% Bitcoin Crash Amid 'Vicious Washout.' Here's Why
5.1.2024
Depletion of the Fed's reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said
U.S. 216K Jobs Adds in December Tops Estimates for 170K
5.1.2024
The closely watched report
Federal Reserve Expects Rate Cuts in 2024 But Path Remains Foggy, Minutes Reveal
3.1.2024
FOMC minutes point to rate cuts by 2024 but a foggy path ahead as the U.S. Federal Reserve stresses a data-dependent approach. Image by Fareed Mindalano, DALL-E 3. The U.S. Federal Reserve expects to begin cutting interest rates in 2024, according to the minutes from the Federal Open Market...
Black Swan Looms in 2024, Expert Warns of Unprecedented Economic Upheaval and US Election Disruption
2.1.2024
The economic forecast for 2024 has undergone significant shifts, with lawmakers and the U.S. Federal Reserve anticipating a “soft landing” for the year. The prevailing belief is that while the economy will decelerate in 2024, the slowdown will be relatively mild. Nonetheless...
US Presidential Candidate Outlines Plan to Shut Down FBI if Elected — ‘This Is Much More Practical Than It Sounds’
2.1.2024
Presidential candidate Vivek Ramaswamy has outlined his plan to shut down the Federal Bureau of Investigation (FBI) if he is elected President of the United States. “56% of the bureau that are professional bureaucrats should be fired immediately,” he stressed, adding that 44% of FBI employees...
75 US Lawmakers Now Support CBDC Anti-Surveillance Bill
2.1.2024
Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans’ transactions,”...
Spot Bitcoin ETF Analysts Eye January 10th Approval Deadline
22.12.2023
As approval for a spot bitcoin ETF from the U.S. Securities and Exchange Commission (SEC) looms closer and closer, research experts are still expecting the federal agency’s approval deadline to occur before January 10th, 2024 despite a series of grueling last-minute changes. Approvals window from...
FDIC’s Sign and Ad Rules Update May Impact Crypto Industry – Here’s How
21.12.2023
Source: AdobeStock / JHVEPhoto The Federal Deposit Insurance Corporation (FDIC) has recently implemented a new rule governing the use of its official signs and advertising, potentially influencing public perception of certain crypto firms. The FDIC announced on December 20 that its board...
Better Market CEO Points to Crypto Market Abuses as Reasons for FDIC Rule Amendment
21.12.2023
Source: Pixabay / tombark Better Market CEO lambasts frequent market abuses and false advertising strategies of digital asset firms as a major reason for the Federal Deposit Insurance Corporation’s (FDIC) rule change to protect investors. In a Dec 20 press release, the CEO reacted to the official...
US Court Finalizes Forfeiture of 69,370 Bitcoin from Silk Road
21.12.2023
Source: DALL·E A U.S. appeals court has completed a legal process finalizing the seizure of 69,370 Bitcoin from the Silk Road, the now defunct dark web marketplace. According to a court filing, the U.S. District Court of Appeals for the Ninth Circuit confirmed the transfer of the Bitcoin to federal...
Economist Jim Rickards’ ‘Tumultuous’ and ‘Shocking’ Predictions: Global Recession and a New Banking Crisis to Ensue in 2024
20.12.2023
Jim Rickards, a famous economist and investment lawyer, has predicted a year of turmoil for global economies in 2024. According to Rickards, the U.S. Federal Reserve will be unable to pull off a soft landing scenario, prompting a global recession. Also, according to Rickards, a new banking crisis...
Digital Asset Executives Raise $78 Million to Support Pro-Crypto and Responsible Regulations in 2024
18.12.2023
Source: AdobeStock Fairshakes has raised $78 million to fund pro-crypto legislators and support leaders who support blockchain innovation in the United States. A Dec 18 press release states the firm’s commitment to drive developments and positive policies around the industry after...
Advisors May Drive Bitcoin ETF Flows in USA + More News
18.12.2023
Source: AdobeStock / Backcountry Media Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Advisors May Drive Bitcoin ETF Flows, Says Needham US OFAC Fines Crypto Exchange $1.2M for Russia...